Most of the engulfing indicators i tried seemed to only look at the candle bodies which i didnt like. This one takes into account the highs and lows as well. You get less signals but each one seem to be more reliable.
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Users can now set up an alarms for bearish engulfings
Hey man i'm loving this. Btw is it possible to add a feature which you can only get alerts for engulfing that are above certain ema's like above the 200 & 50 ema for longs and vice versa for shorts?
faith_defender
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Thank you for your indicator. You are right, it shows true engulfing from what I see. Mot just top or bottom engulfing, but both.